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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 208.90
Bid: 209.35
Ask: 209.45
Change: -0.85 (-0.41%)
Spread: 0.10 (0.048%)
Open: 210.15
High: 211.85
Low: 208.80
Prev. Close: 209.75
BARC Live PriceLast checked at -

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Barclays slips on Deutsche Bank downgrade

Mon, 07th Mar 2016 09:25

(ShareCast News) - Deutsche Bank downgraded Barclays to 'hold' from 'buy' and cut its price target to 180p from 255p, saying the stock was more now more of an investment case for 2017-18 rather than 2016.It said that Barclays' strategic update, whilst necessary to strengthen the capital position and simplify the group, has reset the clock."We think the acceleration of noncore reduction, with accompanying actions on the dividend make strategic sense, and should drive group return on tangible equity closer to core RoTE," DB said.However, it said the reality is that following the fourth quarter results and the sale of the Africa business, both group and core earnings per share are lower than previously forecast - now 21.5p and 23.6p respectively for 2018 - while better news on capital will likely be back-loaded into 2017/18.DB noted that Barclays now intends to pay a dividend of 3p for this year and the next, paid semi-annually from 2016 rather than quarterly.Deutsche estimates around 8% dilution to core earnings from the sell-down of Barclays Africa.In addition, it said a more challenging Investment Banking environment, including potentially higher impairment charges than cyclically low-2015 levels, is likely to weigh against continued growth in Barclaycard, Personal and Corporate Banking."This is despite Barclays IB's relative bias to Macro which should hold it in better stead versus peers, and our expectation that costs will continue to fall in the core."The German bank said was Barclays is inexpensive at 0.6x tangible NAV, but trades at 7.7x 2018 group EPS, and has limited near-term dividend support.At 0942 GMT, Barclays shares were down 1.1% to 172.35p.
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19 May 2023 22:27

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19 May 2023 21:34

JPMorgan, ex-executive spar in court over responsibility for Epstein

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18 May 2023 18:39

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J.P. Morgan seeks documents from Manhattan DA in Epstein case

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18 May 2023 15:28

Manhattan DA took part in conference in Epstein-related J.P. Morgan suit -court records

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17 May 2023 07:59

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16 May 2023 21:49

Barclays technology banker joins Citigroup

NEW YORK, May 16 (Reuters) - Ed Wehle, a senior Barclays Plc technology banker, has resigned to join U.S. rival Citigroup Inc in New York, according to an internal memo seen by Reuters, adding to an exodus of top investment bankers from the London-based bank.

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16 May 2023 21:13

Barclays technology banker joins Citigroup

NEW YORK, May 16 (Reuters) - Ed Wehle, a senior Barclays Plc technology banker, has resigned to join U.S. rival Citigroup Inc in New York, according to an internal memo seen by Reuters, adding to an exodus of top investment bankers from the London-based bank.

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16 May 2023 18:55

Blackstone, Thomson Reuters consortium looks to sell further $3 bln in LSEG shares

LONDON, May 16 (Reuters) - An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters , the publisher of Reuters News, is looking to sell around $3 billion worth of shares in the London Stock Exchange Group, according to a term sheet shared by an investment bank involved in the sale on Tuesday.

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12 May 2023 22:36

Klaviyo files confidentially for U.S. IPO -sources

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12 May 2023 16:00

Filipino priest on mission in Europe to halt fossil fuel financing

FRANKFURT/MANILA, May 12 (Reuters) - A Filipino priest is touring top European banks to demand they curtail ties with companies behind new fossil fuel projects in a region of his home country that is rich in fish and coral. But he is leaving his meetings with bankers feeling frustrated.

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12 May 2023 11:04

Filipino priest on mission in Europe to halt fossil fuel financing

FRANKFURT/MANILA, May 12 (Reuters) - A Filipino priest is touring top European banks to demand they curtail ties with companies behind new fossil fuel projects in a region of his home country that is rich in fish and coral. But he is leaving his meetings with bankers feeling frustrated.

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LONDON BROKER RATINGS: RBC lifts Barclays; Jefferies cuts Diageo

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